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Jim Gramata's Blog

By Jim Gramata | Broker in 60614
  • Home Sales Reports a MOM would love!

    Posted Under: General Area in Chicago, Market Conditions in Chicago, Agent2Agent in Chicago  |  April 14, 2011 7:27 PM  |  1,976 views  |  No comments

    March 21, 2011 – “Home sales fell in February following three straight monthly increases, according to the National Association of REALTORS®.”

    March 28, 2011 – “Home sales increased in February but with notable regional variations, according to the National Association of Realtors®.”

    Source: National Association of Realtors (NAR)

    It is on everyone’s mind. What is the current state of today’s residential real estate market?  Where the residential real estate market is going? 

    Where can I find a reliable information source for the real story on where the market trends are heading?

    That is the problem! 

    The information is at best confusing and at times contradictory, even from what most would consider highly reliable sources. Like so many things, while the source of information is of course a major factor, in this example even the same source is printing contradictory information.

    In addition to where the source of the information, we have to focus on what data is being analyzed and reported on. Most reports offer slivers of relative information and if taken alone can be interpreted as doom. In the above scenario the two reports are accurate and from the same source, however when you dig deeper into the reports you would realize that one is based on year over year comparisons (YOY) and the other a month over month (MOM) report. 

    I think MOM is a more relevant source for interpreting where our current residential real estate market has been and where it is heading. After all, mom knows best. 

    Most of the recent negative doomsday headlines are based on the YOY real estate statistics. These numbers are brutal but remember last April was the most active months in recent years because of the Federal Homebuyer Tax Credit incentives. It was the best two quarters of sales volume ever in my offices history. Ever! (that includes the  2006 peak period). 

    Many buyers moved their summer or fall buying plans up to take advantage of the incentive. Who wouldn’t? (Well, those buying now I guess). Time and time again we see the number of units sold through the roof during the first and second quarter of 2010. Ergo, comparing this year to last year (YOY) will create the doom and despair articles we are seeing across the country and in the Chicago area. 

    A better way to judge the market at this time is to compare month-over-month sales. Here is a graph showing the increase in pending sales over the last twelve months.

    As we can see, sales dropped dramatically after the expiration of the tax credit in April 2010. So comparing Last year to this year (YOY) makes no sense. MOM tells a more accurate story of where residential real estate pending sales are trending. Sales are beginning to slowly rebuild and increase without any government incentives and under normal market forces.(Source: Keeping Current Matters, 3/2011).

    So what is the bottom line? In this exact moment in time we need to focus on MOM data, although my mom would argue we always need to focus on mom because mom knows best. 

  • Old Town Condo For Sale with Spectacular City Views

    Posted Under: In My Neighborhood in Chicago  |  July 6, 2010 3:12 PM  |  1,697 views  |  No comments

    Featured Old town condo for sale
















    Please visit is at our Open House July 13 from 11-1p

    Must see this Buyers and Agents!! Come visit this new featured 2 bed 2 bath with parking (listed at $389,000) inOld Town, Chicago, Illinois top floor two bedroom two bath corner condo for sale. Open House July 13 from 11-1. Phenomenal spacious top-floor southwest corner two bedroom two full bath featured condominium with private outdoor terrace and unlimited city and sunset views is now offered for sale in Chicago’s Old Town neighborhood. The large open living rooms/dining room offers ample space for any living arrangement. This leads to the private terrace with room for table, chairs and the grill while enjoying the breathtaking skyline views. The master suite includes a large walk-in closet with organizer system and full bathroom including walk-in shower and soaking tub. 


    The building is part of a 2005 MCL Old Town Village Community including condos, townhomes and single-family homes in this private planned development. The quality construction includes all brick exterior with concrete floors and cinder blocks between residences for quiet living.  Assessments include the heat (gas) as well as water, snow removal and landscaping. One deeded garage parking space is included with this offer price with an easy direct access to the spot when entering the garage. 


    The area amenities are too great to include but 24 hour Dominick’s Supermarket is across the street, bus stop right outside or the Red/Division stop is only three blocks away and the Purple/Brown lines close too! 10 minutes to downtown. Walk Score.com has ranked this location a 92/100 “Walkers’ Paradise”. DogPads.net ‘certified’ dog-friendly building too! The building reserves and association are solid.


    www.OldTownChicagoCondos.com for more information

  • Luxury Lincoln Park Home

    Posted Under: In My Neighborhood in Chicago  |  June 30, 2010 11:44 AM  |  1,727 views  |  No comments

    Luxury Lincoln Park Living Home

    Our Feautured Luxury Lincoln Park HomeWe sold the last one in 24 days!! Here is our next Lincoln Park Luxury Home being offered for sale in Chicago. Welcome home to this luxurious recently renovated single-family home on the tree-lined Montana Street just east of Sheffield and north of Fullerton in Chicago’s desirable Lincoln Park DePaul neighborhood. This residence offers three large upper-level bedrooms and three full baths with an additional main level powder room.  The residence offers a nice blend of modern and vintage detailing including the large formal front living room with wood burning fireplace, mantle and full height crown moulding and baseboard. There is also a formal separate dining room which flows into a galley kitchen space and eat-in breakfast area with ample light filling the space making it warm and inviting for daily living which leads to the enclosed rear yard for barbecues and lounging. There is a new two-car detached two-level masonry garage with an oversized overhead door for any size vehicle and a large storage room on the second level. 

    The upper (third) level also offers a 2009 renovated media/family room with Dolby surround sound, retractable movie screen for entertaining or just enjoying a movie, sports event or program. There is also a full wetbar and 2009 renovated full bathroom. In addition to the front media/family room there is a large outdoor rear deck to enjoy drinks and company after the movie ends. A great private unique Lincoln Park space to unwind. The entire home was recently improved with sound attenuation windows to significantly reduce the ambient street and train noises in the area. 

    This home is ready for the most discerning buyers who appreciate quality and value and of course location on this most desirable of Lincoln Park streets. 

    Jim Gramata

    Broker Associate

    1875 N Damen Ave

    Chicago, IL 60647

    www.GramataRealtyGroup.com

  • Dog-friendly Lakeview Featured Condo For Sale

    Posted Under: In My Neighborhood in Chicago  |  June 30, 2010 10:51 AM  |  1,756 views  |  No comments

    Welcome to affordable living in Lakeview !

    LakeviewChicagoCondos.com

    Tower Loft Chicago Dog-friendly Featured Condo

    This bright, sunny rarely available corner-unit dog-friendly condo with stunning panoramic views of the city skyline, surrounding neighborhoods, Wrigley Field and Lake Michigan. This split 3 bedroom 2 bath condo includes soaring 14 foot ceilings in the open and sunny living/dining room with hardwood floors and private balcony. This home also includes an updated kitchen with granite counters and stainless appliances. In addition to the large master suite with walk-through organized closet and whirlpool tub this condo features a full size in-unit washer and dryer. Included in the price is an indoor heated garage parking space. Enjoy the rooftop deck with panoramic views of the city skyline and surrounding neighborhoods too.

    Caribou Coffee and XSports Gym is in the main level retail space and Whole Foods Grocery Store is across the street. Also located just down the street is the YMCA with tons of activities & events for adults and kids. CTA buses abound. Paulina Station Brown line 2 blocks away. 

    It’s the new heart of West Lakeview and there is always a buzz in the air right outside your front door.


    Call Jim at 773-315-6103 send a text or email him at jim @ atproperties.com


  • Luxury Lincoln Park Featured Living

    Posted Under: In My Neighborhood in Lincoln Park  |  April 8, 2010 11:56 AM  |  1,794 views  |  No comments

    Featured Lincoln Park Living

    Welcome to Luxury Lincoln Park Living!

    www.LuxuryLincolnParkLiving.com.

    The exquisite custom cabinetry and the highest quality woodwork and detailing are throughout the home including the solid Mahogany entry door, raised panel solid cherry doors, carved mantles, fluted columns and custom woodwork and built-ins. This luxury homes gracious layout offers tall floor to ceiling heights, large expansive windows, completely refinished hardwood floors on both the main and upper levels including each of the three upper bedrooms. There is also an expansive lower level recreational room and mud room with a fourth bedroom and full bathroom for guests or perfect for live-in au pair or nanny with a dedicated private lower level entrance.

    For more information floor plans and more visit www.LuxuryLincolnParkLiving.com.

    This very high end home offers superior value and quality beginning with its newly built front porch with twin columns and covered roof and solid Mahogany exterior door which greets guests as they arrive. Once inside, guests will pause in the foyer and be welcomed to the formal front living room with fluted columns, crown moulding and hand-crafted mantle and wood burning fireplace. Your guests then are led through a tastefully designed fully customized office room including twin desks, large and functional desktops and cabinets offering a storage place for everything out of site when guests arrive. The next arched opening then leads to the formal dining room with pass-through wood burning fireplace flowing into an expansive chef's kitchen/family room with ample southern light filling the space making it warm and inviting for daily living. A swing door connects the butler’s pantry area to both the large working chef’s kitchen and dining rooms for serving family and guests who gather. 

    This home also offers a second level with hardwood flooring thoughout, raised solid cherry doors and the same exquisite attention to details as on the main pubic level. The large rear master suite with spa-like stream shower and bath oasis en suite, walk out private terrace and wood burning fireplace are your private oasis. There are also two large bedrooms with ample storage, windows and light. The side by side laundry room is on this level as well for ease and convenience. As if that weren’t enough, a hall door leads to a stairwell from the hall leads upstairs to a massive full unfinished attic space which offers an extensive future renovation or expansion possibility should that meet your future needs.  This home has it all and is ready for the most discerning buyers who appreciate quality and value. 

    Brought to you exclusively by the Gramata Realty Group and @properties. 

    The Gramata Realty Group

    Jim Gramata 

    Broker Associate

    1875 N Damen Ave

    Chicago, IL 60647
    773-315-6103 

    www.GramataRealtyGroup.com

  • Lincoln Park dog-friendly condo for sale

    Posted Under: Agent2Agent in Chicago  |  December 15, 2009 12:04 PM  |  1,946 views  |  No comments
    1960 N Seminary A TownhomeAbsolutely spectacular three bedroom, three bath residence in this rarely available end unit townhome that shows and lives like a single-family home. These are the original owners and will be the first time since then this home is available. Take advantage of this opportunity and this wonderful and warm four level home.

    Walk down the quiet tree-lined residential Seminary Street heading south one-half block and you are at Adams Park. A few short steps to Armitage and head east one-half a block and you are in the heart of Lincoln Park retail shopping, salons, coffee shops, transportation including the Brown Line el stop, restaurants and more.

    A perfect location to coincide with a perfect home. Make this rarely available Lincoln Park Opportunity yours today.

    Come see for yourself today or visit www.LuxuryLincolnParkLiving.com

    Visit our virtual tour for more photos and a 360 tour of this residence.

    Listen to Warren Buffett’s wisdom: “Don’t wait for the robins or spring will be over!”

    Call today for your private showing. By appointment ONLY! Email or call Jim today on his cell phone at 773.315.6103

    Another residence exclusively marketed by

    Jim Gramata
    The Gramata Realty Group @properties
    www.GramataRealtyGroup.com
  • Logan Square Chicago Exclusive!!! Logan Station II Now Available

    Posted Under: In My Neighborhood in Logan Square  |  December 8, 2009 9:59 AM  |  1,995 views  |  No comments
    Logan Station Logan Square Phase 2 condosYou are the first to see the absolute newest and nicest condominium options to hit the market in Logan Square. We have immediate delivery condos and 60 day "build to suit" homes available in the Logan Station Phase II development just off of Logan Blvd in Logan Square. A huge improvement over Phase 1 if you've been there. Have you seen the activity and movement of your buyer clients pushing towards Logan Square? Why? More bang for your buck and a great walking neighborhood [Walk Score: 95/100 "Walkers' Paradise"].  If not, come discover the buzz and see for yourself.

    We are ready to deliver Jumbo 2bed/2 1/2 bath duplex, 3 bedroom/2 1/2 bath duplex and 3 bedroom + den/3 1/2 bath triplex condo options starting at $359,000 and ranging from 1,400sf to over 2,600sf!  Attached or detached garage and outdoor parking options available too.

    Live/work clients? Multi-unit clients? You HAVE to contact me! I've got some amazing and unique options for your clients too!

    I encourage you to set up an appointment to see these tastefully done, quality homes just off the boulevard on the quiet residential Willetts Court in Logan Square or for a preview go to www.LoganStation2.com (more photos coming).

    Model now open and we are taking appointments. Click here for directions. 

    More to come...
     
    For more information contact Jim Gramata, from @properties - Bucktown, the exclusive marketing broker for the developer.
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